PPI Forex Broker keeps up-to-date with the latest trading account information, including ECN Account, Standard Account maximum leverage of 1:500, trading varieties, and more
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| Account Type | Minimum Deposit | Spread (Pips) | Commission | Leverage | Target User |
|---|---|---|---|---|---|
| Standard | $100 | From 1.5 | None | 1:500 | Beginners |
| ECN | $500 | From 0.1 | $3/lot | 1:200 | Advanced traders |
| Pro | $1,000 | From 0.5 | $2/lot | 1:400 | Professional traders |
| Islamic | $100 | From 1.5 | None | 1:500 | Muslim traders |
| Demo | Virtual funds | Same as Standard | None | 1:500 | Beginners |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual funds
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:400
Islamic: 1:500
Spreads (Typical/Minimum):
Standard: From 1.5 pips
ECN: From 0.1 pips
Pro: From 0.5 pips
Islamic: From 1.5 pips
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Mini, Standard
Pro: Mini, Standard
Islamic: Micro, Mini, Standard
Available Trading Platforms:
Standard: MT4, MT5
ECN: MT4, MT5
Pro: MT4, MT5
Islamic: MT4, MT5
Demo: MT4, MT5
Execution Type:
Standard: Market
ECN: ECN
Pro: Market
Islamic: Market
Demo: Market
Islamic Account Availability: Yes for Islamic Account
Swap-Free Options: Available for Islamic Account
Demo Account Features: Access to all trading instruments, virtual funds for practice
Advantages of Each Account Type:
Standard: Low entry barrier, suitable for beginners.
ECN: Lower spreads, faster execution, direct market access.
Pro: Advanced tools, lower commissions for high volume traders.
Islamic: Compliance with Sharia law, no swap fees.
Demo: Risk-free trading environment, practice strategies.
Disadvantages of Each Account Type:
Standard: Higher spreads compared to ECN.
ECN: Requires higher minimum deposit, commissions apply.
Pro: Higher minimum deposit, may not suit casual traders.
Islamic: Limited to specific trading conditions.
Demo: No real profits, limited duration.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries, check specific restrictions.
Prohibited Countries: Countries under sanctions or restrictions by ppi.
Identity Verification Documents Needed:
Government-issued ID (passport, national ID)
Proof of address (utility bill, bank statement)
Proof of Residence Requirements:
Recent utility bill or bank statement showing your name and address.
Additional Documentation for Professional Accounts:
Business registration documents (if applicable)
Proof of professional qualifications (if applicable)
KYC/AML Compliance Procedures:
Complete identity verification through document submission.
Compliance with anti-money laundering regulations.
Verification Time Frames:
Typically 1-3 business days for standard accounts.
Longer for professional accounts depending on documentation.
Demo Account Features and Benefits:
Practice trading with virtual funds.
Access to all trading instruments.
No risk of losing real money.
How to Open a Demo Account:
Select the demo account option during registration.
Fill in the required information and create your demo account.
Demo Account Limitations:
Limited duration (typically 30-90 days).
Virtual funds cannot be withdrawn.
Virtual Balance Amount: Usually set at $10,000 for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money.
Market conditions may differ due to slippage and execution speed.
Duration/Expiry of Demo Accounts: Typically expires after 30-90 days of inactivity.
Explore broker markets account types: forex/trading accounts with demo access.